Finance Officer Job at Tony Elumelu Foundation

The Tony Elumelu Foundation is the leading champion of entrepreneurship in Africa. Our objective is to empower women and men across our continent, catalysing economic growth, driving poverty eradication and ensuring job creation. We believe the private sector’s role is critical for Africa’s development and that the private sector must create both social and economic wealth.

Founded by African investor and philanthropist, Tony O. Elumelu, and representing his personal commitment to creating a new generation of entrepreneurs, through his investment company, Heirs Holdings, the Foundation is active in all 54 African countries.

We are recruiting to fill the position below:

Job Position: Finance Officer

Job ID: 384
Job Location: Lagos
Department/Function: Finance
Job Level: Experienced (Non-Manager)
Job Type: Full Time

Job Description

• The Finance Officer shall be responsible for all the finance and accounting activities of the Foundation, preparation of various management reports and financial statements, budgeting, and grant management.

Responsibilitie(s)

• Manage all finance and accounting operations including account receivables, account payables, accruals, and general ledgers.
• Ensure timely preparation of monthly management accounts.
• Oversees all accounts, ledgers and reporting systems, ensuring compliance with appropriate standards and regulatory requirements.
• Assist with the preparation of annual budget.
• Ensure compliance with regulatory and legal filings.
• Ensure compliance with internal control procedures in day-to-day transaction processing.
• Ensure that all financial transactions are processed accurately, in a timely manner and in accordance with generally accepted accounting principles.
• Ensure prompt preparation of financial statements for the company.
• Liaise with external auditors to ensure an efficient and effective audit process.
• Ensure effective cash flow and liquidity management.
• Preparation of monthly bank reconciliation statements.
• Manage banking relationships.
• Assist with budget preparation for funding proposals to partners.
• Timely disbursement of funds to the entrepreneurs.
• Ensure the funds received are disbursed in accordance with the agreed terms.
• Provide timely reports on the use of funds in line with the rules and regulations of the partners.

Qualification / Experience Requirement(s)

• Minimum of 4-6 years experience in a finance-related role.
• Bachelor's Degree or equivalent in any field.
• Professional qualification such as ICAN or ACCA is an advantage.
• A Master’s degree in finance will be an added advantage.
• Work experience in a not-for-profit organisation is an added advantage.
• Good numerical skills.
• Ability to work under pressure and meet stipulated deadlines.
• Good knowledge of Microsoft Office Suite i.e., Microsoft Outlook, Word, Excel, PowerPoint.
• Great verbal and oral communication skills
• Great interpersonal skills.
• Great team player.
• Ability to multitask.